EPS to layoff 5,000 employees by 2019 – Serbia, 16 June 2017

CFO of Serbian state-owned power utility EPS Tatjana Pavlovic said in an interview that utility has undergone several organizational changes and currently it operates through two companies – EPS and EPS Snabdevanje and, in accordance with the agreement with the International Monetary Fund (IMF), it plans to layoff a total of over 5,000 employees by the end of 2019.
Pavlovic said that the company is currently working on a program for incentives for laid off employees. The criteria should be identical as last year, but negotiation with the World Bank on implementing some new criteria are ongoing. Thus, the number of employees would be reduced by more than 5,000 by the end of 2019, as it was defined in the program for financial consolidation of the company.

Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)

Balkan Energy NEWS service exists for over 10 years, and during that period, we earned trust of major European utilities, generators, traders and investment banks. We do not preserve good quality of service – we are constantly improving it, in order to always be one step ahead, and justify trust of our customers with quality. Our trademark service is "Energy NEWS service", created as a response to expansion of energy market in South East Europe, with a goal to provide current and future market players with data and information for investments in energy sector and electricity trade.

Through our products, we cover countries of South East Europe: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, Hungary, FYR Macedonia, Montenegro, Romania, Serbia, Slovenia and Turkey. We also publish news articles from Middle East, Eastern and Central Europe, when of influence to SEE

Balkan Energy products:

"Energy NEWS" service

PDF: SEE+Hungary Energy Daily: published 3 times per week (45-50 pages per edition)

Web portal: Database access to all published news articles, with date/country filters and search by keyword (+200 EUR annually on PDF subscription price)

In addition to being most complete and most affordable energy service for SEE, it is also company licensed with unlimited number of users.

Month ahead forecast: HUPX and SEE Trading Tool

Month-ahead report on HUPX price forecast, containing daily HUPX base price forecast, info on maintenance of generation units and many other useful information for electricity trading in Hungary and SEE.

Long term: HUPX and SEE PRICE FORECAST REPORT 2017-2026

HUPX PRICE FORECAST 2017 – 2026

SEE ELECTRICITY MARKETS FORECAST 2017 – 2026

MARKET DEVELOPMENT SCENARIOS for the next 10 years in Hungary and Southeast Europe

Country Reports on Energy Business - All need-to-know energy info in one report!

Country reports provide comprehensive overview of electricity sector for countries of South Eastern Europe. At the moment we have available up-to-date country reports for Bulgaria, Romania, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia and FYR Macedonia.

For each country, our reports give description and data on:

General description of the electricity market

Consumption, production and export characteristics

Actualities – hot topics

Market liberalizations, electricity prices and tariffs

Key market players

Legislation and electricity market opening

Potentials for investments in power generation

Analyses of seasonal export/import trends

Detailed analysis of Cross Border Capacities

Country reports are updated every three months. For each ordered report, you will receive updates during one year period, free of charge. For ordering all of the reports together, additional discount can be applied.

Useful Links

Products & Services

Why us?

Our services are considered as most relevant and most complete source of information, for more than a 10 years. During that period, we learned how to earn trust of our customers: with quality info, support, constant upgrades of products free of charge and creation of new products